Charles Schwab Corp (SCHW) Stock AnalysisSCHWCharles Schwab Corp

The Charles Schwab Corporation is a savings and loan holding company. The Company, through its subsidiaries, engages in wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. The Company provides financial services to individuals and institutional clients through two segments: Investor Services, and Advisor Services. The Investor Services segment provides retail brokerage, investment advisory, and banking and trust services to individual investors, and retirement plan and business services, as well as other corporate brokerage services, to businesses and their employees. The Advisor Services segment provides custodial, trading, banking and trust, and support services to independent registered investment advisors (RIAs), independent retirement advisors, and recordkeepers. Its products and services include brokerage, mutual funds, exchange-traded funds (ETFs), managed investing solutions, alternative investments, banking, and trust. It operates in the Financials sector (SECURITY BROKERS, DEALERS & FLOTATION COMPANIES industry).

Charles Schwab Corp is currently a hold. The stock is trading at $91.96, which is significantly below its analyst price targets, with the highest being $141 from Morgan Stanley. However, the stock has a low RSI of 20.51, indicating it is oversold, but the recent 5-day change of -4.90% and a year-to-date decline of -9.46% suggest ongoing weakness. The company reported strong core net new assets growth of 38% year-over-year, which is a positive sign for long-term investors, but the overall market sentiment remains cautious due to inflation pressures and tech stock declines.

19 analysts cover SCHW: 14 rate it Buy, 5 Hold and 0 Sell. The average price target is 116.64.